Wisdomtree Us Treasuries 10y 3x Daily ETF Forecast
Wisdomtree Us Treasuries 10y 3x Daily ETF price down 0.599% on Friday
(Updated on Jun 28, 2024)
The Wisdomtree Us Treasuries 10y 3x Daily ETF price fell by -0.599% on the last day (Friday, 28th Jun 2024) from £5,840.00 to £5,805.00. During the last trading day the ETF fluctuated 0.258% from a day low at £5,805.00 to a day high of £5,820.00. The price has been going up and down for this period, and there has been a -1.36% loss for the last 2 weeks. Volume has increased on the last day by 255 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 255 shares were bought and sold for approximately £1.48 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.27% during the next 3 months and, with a 90% probability hold a price between £5,698.72 and £6,110.69 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3TYL.L Signals & Forecast
The Wisdomtree Us Treasuries 10y 3x Daily ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £5,831.14. On a fall, the ETF will find some support from the long-term average at approximately £5,713.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found. Wisdomtree Us Treasuries 10y 3x Daily gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 2.23% to £5,934.50 within 22 trading days since signal was issued (Friday, June 28, 2024).
Support, Risk & Stop-loss for Wisdomtree Us Treasuries 10y 3x Daily ETF
Wisdomtree Us Treasuries 10y 3x Daily finds support from accumulated volume at £5,785.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved £15.00 (0.258%) between high and low. For the last week, the ETF has had daily average volatility of 0.233%.
Our recommended stop-loss: £5,651.33 (-2.65%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (3TYL.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wisdomtree Us Treasuries 10y 3x Daily Leveraged to open at £5,810.00, and during the day (based on 14 day Average True Range), to move between £5,753.18 and £5,856.82, which gives a possible trading interval of +/-£51.82 (+/-0.89%) up or down from last closing price. If Wisdomtree Us Treasuries 10y 3x Daily Leveraged takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £5,810.50 (0.09%) than the support at £5,785.00 (0.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wisdomtree Us Treasuries 10y 3x Daily Leveraged ETF A Buy?
Wisdomtree Us Treasuries 10y 3x Daily holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Wisdomtree Us Treasuries 10y 3x Daily Leveraged of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £5,810.00 ( 0.0861%) | £5,805.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3TYL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,825.00 | 0.345% |
| R2 | 5,819.27 | 0.246% |
| R1 | 5,815.73 | 0.185% |
| Price | 5,805.00 | |
| S1 | 5,804.27 | -0.0126% |
| S2 | 5,800.73 | -0.0736% |
| S3 | 5,795.00 | -0.172% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,853.00 | 0.83% |
| R2 | 5,813.00 | 0.138% |
| R1 | 5,810.50 | 0.0947% |
| Price | 5,805.00 | |
| S1 | 5,785.00 | -0.345% |
| S2 | 5,767.50 | -0.646% |
| S3 | 5,660.00 | -2.50% |
FAQ
Click here for our free guide on how to buy Wisdomtree Us Treasuries 10y 3x Daily Leveraged ETF.
